The paper discusses corruption in public auctions and the role of transparency as a tool to prevent it. First, we analyse where corruption occurs, emphasizing the importance of considering the whole process, from deciding whether to contract-out to implementing the contract. We then analyse the...

Corruption is a complex and multifaceted phenomenon. The aim of this article is to open the “black box” of corrupt transactions using the framework of the New Institutional Economics. First, it examines “corrupt contracts”, the institutions that promote them, the mechanisms involved, the...

Spanish Anstract: El agua es un recurso natural indispensable para la vida humana. No obstante, cientos de miles de personas en el mundo no tienen acceso a este recurso. La crisis del agua tiene su origen primordialmente en un problema de gobernabilidad, y la corrupción es uno de los factores...